Steven McClurg, CEO of Canary Capital, forecasts that Bitcoin may reach as high as $150,000 by the end of the year due to a surge in institutional investments and market demand for exchange-traded funds (ETFs). He noted that Bitcoin’s recent price stability, marked by a new all-time high of $124,128, is largely fueled by increasing capital inflows from various institutional buyers. However, McClurg expressed skepticism regarding Ethereum's sustainability, labeling it as outdated technology compared to newer platforms like Solana and Sui. Despite Ethereum's recent gains, he anticipates a decline in its dominance, as evidenced by criticisms around its performance and efficiency. On the other hand, another analyst, Greg Magadini, highlighted Ethereum's strong developer ecosystem, arguing that its foundational network effects are difficult to overcome. While the broader market shows volatility and seasonality trends could influence future prices, Bitcoin's appeal as a digital gold remains robust amid inflation concerns and economic uncertainties.

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